Tuesday 19 October 2010

Uncertainty lifts on Mideast investment outlook | Reuters

Speakers at the Reuters Middle East investment summit were upbeat on prospects for the region, buoyed by rising consumer sentiment and cash-rich investors keen to make emerging market plays.

'In 2008, the whole world stopped - for good investments, bad investments, everything. And that has picked up again,' said Ziad Makhzoumi, chief financial officer at Dubai's Arabtec ARTC.DU, the UAE's largest listed contractor.

The signs of recovery have gone 'beyond the green shoots stage' said Abdul Kadir Hussain, chief executive of Mashreq Capital. The pick-up is evident in different sectors across the region."

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